What are SmartNodes?

Lets explore this key feature of SmartNodes a little more in depth..

SmartNodes are servers that run a SmartCash wallet and make decisions, such as locking transactions with InstantPay. SmartNodes are required to have 10,000 SMART collateral, a dedicated VPS (IPv4 address, 1GB RAM, 20GB drive) and be able to run 24 hours a day without a more than two hour of connection loss. SmartNodes are paid at a rate of 10 nodes every other block, which means a payout will be 2% of the Block Reward for every Node.

SmartNodes enable the following services:

InstantPay (Instant Transactions): Allows for SmartCash transactions to be locked in about a second. No risk of double spending a transaction, so the receiver can trust that transaction immediately.

SmartRewards: SmartRewards are calculated by the SmartNodes to allow for distribution to be handled automatically by the block rewards.

HOW MUCH CAN I EARN FROM HOSTING A SMARTNODE?

SmartNodes are paid at a rate of 10 nodes every other block, which means a payout will be 2% of the Block Reward for every Node

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WHAT DO I NEED TO HOST A SMARTNODE?

10,000 Smart: Arguably the hardest part. Smart can be obtained from exchanges such as CryptoBridge, HitBTC. For the full list of places to obtain Smart click here.

A computer for running a local wallet to start nodes and hold funds

A VPS server installed Ubuntu for remote node running 24hrs/day with the following specs:

1GB RAM (about half used for OS and half for daemon)

20GB drive (less than 1GB used for wallet, some for OS, and some for future.)